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Loraine Loraine
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9 years ago
GDP handles household production by
A) estimating a dollar value of the goods purchased to do housework.
B) estimating a dollar value of the services provided.
C) ignoring it.
D) including it in exactly the same way that all other production is included.
E) including it in real GDP but not in nominal GDP because there are no prices paid for the work.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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9 years ago
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8 years ago
The textbook reference in your signature really helped me narrow it down.

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